Global Leather Chemicals Market to 2021

The global leather chemicals market to grow at a CAGR of 4.23% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global leather chemicals market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is rising export of leather. The export of leather is increasing at a rapid rate globally. The global leather and leather goods exports crossed $1 billion in 2015. Bangladesh is the biggest exporter of leather shoes, travel bags, wallets, belts, and finished leather products. The Indian leather industry is also gaining popularity in the US market.

According to the report, one driver in the market is cost-effectiveness of leather chemicals and leather-based products. In the process of leather-based product manufacturing, leather chemicals are used in the leather processing stages. These chemicals are used for beam housing, tanning, dyeing, and many other processes. The techniques that are used for the manufacturing of leather chemicals are cost-effective and can be easily practiced in the laboratory. Chemicals used during the processing of leather are biocides, surfactants, degreasers, fungicide, nitrogen-containing compounds, chromium compounds, zirconium, sulfuric acid, sulfates, sulfides, and caustic soda. These chemicals are easily available and are cost-effective.

Further, the report states that one challenge in the market is environmental hazards of leather chemicals. Leather chemicals includes mineral salts, formaldehyde, coal-tar derivatives, various oils, dyes, and finishes. Some of them are cyanide-based, which are very harmful for the environment. Most leather produced in the US is chrome-tanned, where all wastes containing chromium are considered hazardous. Tannery effluent contains large amounts of pollutants, including salt, lime sludge, sulfides, and acids. The process of tanning stabilizes the collagen or protein fibers in skins, which protects leather from wear and tear.